Bineesh Kodiyeri is now being investigated by ED, a national agency. The Enforcement Directorate has recorded a case against Bineesh Kodiyeri, son of CPI(M) State Secretary Kodiyeri Balakrishnan under the Prevention of Money Laundering Act. This was published after a leading media channel accessed a letter written by the ED to the District Registrar General stating that Bineesh's properties have been frozen and no transactions should be allowed on them. In the letter, B Radhakrishnan the Assistant Director of ED has asked the Registration Department for all details about immovable properties owned by Bineesh.
In the letter, it has also been suggested that Bineesh is suspected to have committed crimes under the Unlawful Activities (Prevention) Act. These sections mention punishments for terrorist activities, raising funds for terrorist activities and punishment for conspiracy. "All the properties related to the above person are being investigated and are suspected to be part of his proceeds of crime committed under section 16, 17 and 18 of UAPA 1967 and other related offences," states the letter.
It is also mentioned in the letter that all of Bineesh's properties are under investigation and no transactions should be allowed as far as his immovable assets were concerned without informing the ED. "It is also advised that since these properties are under investigation any transaction in relation with immovable assets must not be done without prior information," the letter stated. Bineesh was investigated by the Enforcement Directorate for over 11 hours on September 9. There were allegations that Binesh Kodiyeri has some role in a company called UAFX, which was linked to the Kerala gold smuggling case, as reported by a leading daily.